Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced on October 14, 2020, that BlackRock, a significant shareholder, has reduced its interest in the company. The notification indicates that BlackRock crossed a threshold for reporting its holdings on October 13, 2020. This adjustment in holdings has been formally communicated to the relevant authorities, following AIM Rules for Companies, which necessitate transparency regarding substantial changes in share ownership.
- None
- BlackRock has decreased its interest in the company, signaling a potential lack of confidence or reduced investment appeal.
ST HELIER, Jersey, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL) announces that it received notification on October 14, 2020, from BlackRock, Inc., which is a “significant shareholder” of the Company as defined by the AIM Rules for Companies, that it has slightly decreased its interest in the Company and on October 13, 2020 crossed a particular threshold for notification of its holdings in the Company. A copy of the notification is below.
TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | |||||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Caledonia Mining Corporation Plc | ||||||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | |||||||||
| Non-UK issuer | X | ||||||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | |||||||||
| An acquisition or disposal of voting rights | X | ||||||||
| An acquisition or disposal of financial instruments | |||||||||
| An event changing the breakdown of voting rights | |||||||||
| Other (please specify)iii: | |||||||||
| 3. Details of person subject to the notification obligationiv | |||||||||
| Name | BlackRock, Inc. | ||||||||
| City and country of registered office (if applicable) | Wilmington, DE, USA | ||||||||
| 4. Full name of shareholder(s) (if different from 3.)v | |||||||||
| Name | |||||||||
| City and country of registered office (if applicable) | |||||||||
| 5. Date on which the threshold was crossed or reachedvi: | 13/10/2020 | ||||||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 14/10/2020 | ||||||||
| 7. Total positions of person(s) subject to the notification obligation | |||||||||
| % of voting rights attached to shares (total of 8. A) |
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"@type": "Question",
"name": "What recent action did BlackRock take regarding Caledonia Mining (CMCL)?",
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"@type": "Answer",
"text": "On October 14, 2020, BlackRock notified Caledonia Mining that it had slightly decreased its interest in the company."
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"name": "When did BlackRock cross the reporting threshold for Caledonia Mining (CMCL)?",
"acceptedAnswer": {
"@type": "Answer",
"text": "BlackRock crossed the reporting threshold on October 13, 2020."
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"@type": "Question",
"name": "What does BlackRock's reduction in holdings mean for Caledonia Mining (CMCL)?",
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FAQ
What recent action did BlackRock take regarding Caledonia Mining (CMCL)?
On October 14, 2020, BlackRock notified Caledonia Mining that it had slightly decreased its interest in the company.
When did BlackRock cross the reporting threshold for Caledonia Mining (CMCL)?
BlackRock crossed the reporting threshold on October 13, 2020.
What does BlackRock's reduction in holdings mean for Caledonia Mining (CMCL)?
The reduction could indicate a decrease in confidence in Caledonia Mining or a strategic shift in BlackRock's investment portfolio.
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